en.Wedoany.com Reported - The price of Indian iron ore fines with 62% Fe grade has remained stable recently. According to data released by the commodity market analysis agency BigMint on April 25, 2026, the price of Indian iron ore fines with 62% Fe grade was maintained at ex-works Jabalpur 5,250 rupees/tonne ($56/tonne) on April 25, consistent with the assessed level on April 22. No actual transactions were heard for iron ore fines during the assessment period.

The stability of iron ore fine prices is mainly constrained by domestic demand-side factors in India. Although the nominal quotation for fines remains unchanged, the overall sentiment in the downstream market tends to be cautious. The sentiment in the pellet segment is weak, suppressing procurement of raw materials. In addition, the lower bid levels observed in the recent fines auction of Odisha Mining Corporation Ltd reflect a conservative attitude among market participants towards current pricing. These factors collectively exert downward pressure on fines quotations.

The trend of iron ore fine prices will depend on the interplay across the upstream and downstream segments of India's domestic steel industry chain. Overall, the weak sentiment in the downstream alloy market limits the upside potential for imported manganese ore prices, with the market broadly showing a balanced-to-range-bound trend.

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